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- LoopNet Team
1015 N Gower St
Los Angeles, CA 90038
C-2 Zoned Small Development Lot In Hollywood · Land For Sale
·
0.15 AC
Investment Highlights
- High residential density allowed; Tier 3 Transit Oriented Community
- Additional access through alley
- Current tenant on month to month lease ($5,200 per month)
- 91 Walk Score
Property Facts
| Property Type | Land | Total Lot Size | 0.15 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Mixed Use | ||
| Zoning | C-2 Zoning - https://codelibrary.amlegal.com/codes/los_angeles/latest/lamc/0-0-0-110831 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.15 AC |
| No. Stories | 1 |
| Zoning | C-2 Zoning - https://codelibrary.amlegal.com/codes/los_angeles/latest/lamc/0-0-0-110831 |
Description
Developers delight! This C-2 zoned corner parcel of land is in the heart of Hollywood with additional access to the property through the alley. Multiple uses and significant residential density is allowed by right. This residential density is increased as a Tier 3 Transit Oriented Community. The lot is currently occupied by a commercial tenant on a month to month lease at $5,200 so you can collect rent as you go through entitlements. The lease can be terminated easily should that be the intent of the buyer. Even demolition costs will be minimal since there are two small structures on the corners of the lot (408 SF and 840 SF). Surrounding this lot are views of the Hollywood sign, Paramount Studios, Raleigh Studios, Hollywood Forever, and other Hollywood and adjacent Larchmont Village attractions. 91 Walk Score. This is the lot you've been looking for.
Property Taxes
| Parcel Number | 5534-023-001 | Improvements Assessment | $10,756 |
| Land Assessment | $70,574 | Total Assessment | $81,330 |
Property Taxes
